Imports Accountant
DANUBE Co. Ltd. - شركة الدانوب للمواد الغذائية والكماليات
Total des années d'expérience :11 years, 2 Mois
• Developed an improvised method for processing import vendor payments
• Managed proper books of accounts for company’s receivables & payables comprising of shop rentals, credit customers, Imports, Jumairah F&V, Organic Bakery, miscellaneous income, etc.
• Processed appropriate general ledger (GL) entries to reflect correct position in financial statements
• Ensured complete and proper documentation of imported articles
• Collaborated with key stake holders (i.e. imports operation team, management, insurance, custom brokers, suppliers, banks, customers) to execute the required job
• Calculated costing of imported articles keeping in view its landed cost, past trend, product movement, shelf life, margins, etc.
• Handled the import claims with suppliers, shipping companies, custom brokers and made necessary adjustment thereof
• Reconciled the vendors & customers ledgers on monthly basis and taking acknowledgement thereof
• Monitored vendor payment terms vigilantly and processed payments after getting top management approvals
• Bridge strong liaison with bank to maintain appropriate funds to meet TT / LC payments timely
• Produced reports for operations, finance manager, CFO, and top management as required for decision making
• Managing the Credit of PKR 145 million consists of 75 Key Portfolio Customers (HoReCa and O&I)
• Frequent and effective use of MCOP, GMS, MDW and MIS for internal financial reconciliation
• Preparation of Financial Closing and Credit Closing presentations using MS-Office
• Coordination with FOM ( Field Operations Manager ) for daily Business Operations
• Internal & External Communication to Relevant stakeholders ( Customer, Head Office-Finance, Field Ops, Store Ops )
• Effectively assisting Managers for HoReCa and O&I corporate accounts management
• Produce Reports for Store Manager / FOM / Senior Managers / Customer Managers and Head Office-Finance
• Maintain good communication process with the priority clients through emails, voice & correspondence
• Effectively employing financial tools to reduce monthly allowance for Provision on overdue amounts
• Ensuring Complete Documentation of all credit PF customers according to Metro Group Guidelines
• Application of GST and Withholding Tax related matters in line with Govt. directions and rules
• Approving all transactions to Credit Customers according to their Credit Limit, Credit Days, Overdue balances and credit history
• Ensuring the input of credit sales and receipt in MCOP (Metro Credit Operations Program)
• Executing Dunning process as per METRO Group Guideline
• Monthly reconciliation of credit customers’ accounts with Head-Office « Main-Cash « Customers through employing Solution Driven Approach
• Developing tools to analyze and facilitate Portfolio Customers
• Strong follow-up with the credit/advance PF customers and CMs regarding Payments and Taxation related matters and their appropriate adjustment thereto
• Over-viewing / preparing the Creditors Aging Report on daily basis and performing necessary actions thereto
Attainments:
• Best credit management nationwide - Overdue amount reduced from 23% to 7% per month through reconciliations and effective follow-up with the customers
• Reduced annual overdue allowances from Rs. 5.6 Mio to Rs. 3.2 Mio through effective credit management resulting in improved Store P&L position
• Successfully managed and improved the Credit History of many Mega Professional Key Accounts (Avari, Kitchen Cuisine, Sapphire, Food Consult, Maisonette, Lahore Gymkhana, Fri Chicks, Packages, LUMS, Civil Services Academy, Tetra Pak, Coca Cola, Pearl Continental and DHA Clubs etc.)
• Effectively developed and implemented credit management tools which were replicated nationwide
Got experience of different operating units working under Issue & Treasury Division of SBP-BSC namely:
1) Currency Management Accounts Unit (CMAU)
2) Claims Unit
3) Cash Monitoring & Exchange Division (CMED)
4) Treasury/Cash Unit
5) Note Verification Unit (NVU)
6) Cash Vaults
Project Title: Currency Management & Operations
Got a hands-on experience by working under six distinct departments of Bank Alfalah Limited - Islamic Banking Division namely:
1) Customer Services
2) Car Ijarah
3) Home Musharakah
4) Trade Finance
5) Credit Finance
6) Operations
MBA with major in Finance and minor in Supply Chain Management for the time period of three and half years comprising of 32 courses covering 96 credit hours Key Subjects: Corporate Finance, Strategic Management, Capital Budgeting & Long-term Investment Decision, Portfolio Management, Analysis of Financial Statements, Strategic Supply Chain Management, Total Quality Management, Business Ethics, Managerial Economics, Change Management, International Finance, Entrepreneurship, Research Methodology. Activities and Societies: Young Economic Society (YES), IDEAS Entrepreneurial Challenge, Volunteer In Service (VIS)
Bachelor of Commerce (I.T.) Key Subjects: Accounting, Auditing, Statistics, Mathematics, Computer Science, Income Tax Law & Sales Tax Law
Intermediate in Computer Sciences (I.C.S.) Key Subjects: Statistics, Mathematics, Computer Science
Matriculation in Computer Science Key Subjects: Mathematics, Physics, Chemistry, Computer Science
